Red Sea attacks to impact ship sailing speed: BIMCO
LONDON : BALTIC and International Maritime Council’s (BIMCO) latest report on the container shipping market highlights significant trends amid ongoing challenges due to the Red Sea attacks. Ship supply is set to grow by
JNPA handles new high of over 6.43 million TEUs in fiscal 2023-24
MUMBAI : Jawaharlal Nehru Port Authority (JNPA) was estimated to achieve a throughput of over 6.43 million TEUs in fiscal 2023-24, at the time of going to press. It is a significant improvement over
Container lines record combined EBIT loss of US$1.44 billion in 2023 Q4 : Sea-Intelligence
COPENHAGEN : Following Sea-Intelligence‘s previous announcement on 21 March, which provided insights into the fiscal year 2023 results, the data analysis firm now delves into the operating profit specifically for the fourth quarter of
Sea-Intelligence sees 2023 profitability close to pre-pandemic levels
COPENHAGEN : In 2023, all ocean carriers saw sharp year-on-year declines in their revenues, ranging between 46.6% and 62.6%, according to the latest Sea-Intelligence report. The Danish maritime data analysis firm noted that the
Ships above 12,000 TEU drive 100% increase in average ship size : BIMCO
LONDON : “Since 2006, the average container ship has doubled in size to 4,580 TEU and ships with a capacity of more than 12,000 TEU has accounted for 51% of the fleet’s capacity expansion. Today,
Shipping containers to post two consecutive years of decline: Drewry
LONDON : The global pool of shipping containers is expected to contract in both 2023 and 2024, according to Drewry’s latest report on the container equipment market. “While stubbornly high levels of inflation in
Asia to Europe containerised exports surge to 16.5 million TEUs in 2023
TOKYO : According to data compiled by the Japan Maritime Center (JMC) using information from Container Trades Statistics (CTS), containerised exports from Asia to Europe reached 16.58 million TEUs in 2023. The Japan International
Contrasting schedule reliability in Taiwan’s container lines, Evergreen tops in December 2023
COPENHAGEN : Sea-Intelligence has released the 149th issue of the Global Liner Performance (GLP) report, providing schedule reliability data up to and including December 2023 and covering schedule reliability across 34 different trade lanes